The adjusted historical cost of fixed assets, calculated as historical cost minus depreciation, is called
A) amortization.
B) net book value.
C) impairment.
D) depreciable cost.

Question

Quizplus · Accepted Answer

Net book value is the value of a company's fixed assets (historical cost minus accumulated depreciation) on its balance sheet. It represents the net amount that the company expects to recover from the use of the asset over its useful life.

The Adjusted Historical Cost of Fixed Assets, Calculated as Historical